157, MELBOURNE ROAD, IBSTOCK, LE67 6NQ - £153,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

157 MELBOURNE ROAD is a small extended semi-detached house of 92m², built sometime before 1900, which could now be worth an estimated £159,194. It was last sold for £153,000 in August 2024, which was around 35% below the average August 2024 semi-detached price in the North West Leicestershire local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

157 MELBOURNE ROAD Sold Prices

Land registry data shows two sales for 157 MELBOURNE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the North West Leicestershire local authority area for the corresponding sale date. Both of the two 157 MELBOURNE ROAD sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2024 2 AUG	£153,000	£233,636	35% below HPI
2007 29 JUN	£118,750	£151,961	22% below HPI

157 MELBOURNE ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The two 157 MELBOURNE ROAD sales from June 2007 and August 2024 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2007 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2024 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 157 MELBOURNE ROAD be worth now?

157 MELBOURNE ROAD might now be worth an estimated £159,194.

This is based on house price inflation of 4%, between August 2024 and December 2024, for semi-detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4% inflationary increase is applied to the most recent sale price for 157 MELBOURNE ROAD of £153,000 on 2nd August 2024. For the value to have increased from £153,000 to £159,194 over the eight months to December 2024, the following assumptions must hold true:

• The value of 157 MELBOURNE ROAD has moved in line with the HPI for semi-detached houses in the North West Leicestershire local authority area.
• The August 2024 sale price of £153,000 represented a fair market value for the property.
• The size, condition, and specification of 157 MELBOURNE ROAD has not materially changed since August 2024.

How Large is 157 MELBOURNE ROAD?

157 MELBOURNE ROAD is 92m², which includes two extensions, according to the EPC inspection conducted in May 2021. This puts it in the smallest 30% of semi-detached houses houses in Ibstock, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ibstock, and where 157 MELBOURNE ROAD lies on this distribution: 24% of semi-detached houses houses are smaller than 157 MELBOURNE ROAD, and 76% of houses are larger. Note that EPC data is not available for all properties in Ibstock.

157 MELBOURNE ROAD: Plot and Title Map

157 MELBOURNE ROAD sits on a plot of roughly 0.048 of an acre, or 193m². The below map shows the location of 157 MELBOURNE ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 157 MELBOURNE ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 157 MELBOURNE ROAD?

157 MELBOURNE ROAD is located in IBSTOCK, in the LE67 postcode district. The below map shows the position of No. 157 on MELBOURNE ROAD.